Accounts Insured Under FSLIC

Notwithstanding any provision of law including §§113108 and 133103 of this Code). a savings and loan association whose accounts are insured by the Federal Savings and Loan Insurance Corporation (FSLIC) shall be deemed to meet all net worth, reserve or capital requirements for all purposes of this Act if the association is in compliance with the regulatory net worth, reserve or capital requirements established by the FSLIC for associations whose accounts are insured by the FSLIC. An association whose accounts are insured by the FSLIC may include as net worth, reserves or capital all items that the FSLIC permits FSLIC insured associations to include as net worth, reserves or capital for purposes of meeting any net worth, reserve or capital requirements established by the FSLIC.